Payment processing

Wells Fargo & Co. is expanding its ExpressSend remittance payout network in India to include Axis Bank and, beginning next month, expanding a free-transfer promotion previously available only for those sending at least $500.

Germany's Wirecard is expanding again through the acquisition of MyGate Communications, a small but fast-growing payment services provider based in Cape Town, South Africa.

The U.S. Supreme Court ordered closer scrutiny of a New York law that bars merchants from imposing surcharges on credit card purchases, giving a group of retailers a partial victory by saying the measure might violate their free-speech rights.

Passwords are often restrictive, undynanmic and draw attention from fraudsters. And there's also the risk of repeated cybercrime linked to old authentication.

It's difficult for acquirers to have the proper payments technology available when merchant interest peaks. This is even more difficult as efforts such as Smart Cities and Internet of Things initiatives overwhelm retailers with options.

Financial technology provider Fidelity National Information Services (FIS) has entered an agreement that will help create the "ballpark of the future" with Minor League Baseball.

Author Rachel Schneider on income volatility problems; Travis Dulaney talks instant payments; American Banker's Mary Wisniewski discusses the OCC's fintech charter, data aggregation battles, and alternative data.

Lots of countries are making big changes to their payment ecosystems, with lots of public fallout. By contrast, Canada's efforts appear much more subdued.

The U.S. Supreme Court refused to revive a $5.7 billion settlement of retailer claims that Visa and Mastercard improperly fixed credit card swipe fees, in a rebuff that could mean years of additional litigation.

As trends in payments technology take hold or taper off, it's safe to say that one is firmly entrenched: The shift to mobile and integrated point of sale devices.

Banks are asking Hong Kong property agents to stop accepting China-issued UnionPay cards, as mainland authorities escalate their crackdown on capital flows out of the country.

Malicious hackers tend to swarm around industries they perceive as vulnerable, and terminal makers are the latest to find themselves in the crosshairs.

Ingenico ePayments, the online and mobile commerce division of France's Ingenico, has signed an agreement with Air China to accept Discover Card payments in North America, a key market for the Beijing-based airline, with plans to expand to other regions later this year.

When most of the payments industry was working to find a way to accommodate the Durbin amendment's routing rules for EMV debit cards, First Data acquisition target Acculynk had its attention focused elsewhere.

ID attacks have expanded quickly in the past year, partly due to the same kind of automation that companies use to manage a high volume of transactions.

After its work with GPShopper produced favorable results the past two years, Synchrony Financial aims to dig deeper into mobile commerce by acquiring its partner.

Cleveland-based Select Restaurants Inc., a national chain of upscale restaurants and bars, has experienced a breach exposing customers’ payment card data through point of sale technology, according to data security expert Brian Krebs.

The introduction of EMV is supposed to help reduce instances of fraud. But when a merchant has trouble operating its terminal, unscrupulous customers can take advantage.

Revel Systems is about to expand a program it’s created at several U.S. airports enabling shops and restaurants to seamlessly integrate business travelers’ checkouts with a mobile app from Expensify, a top corporate travel expense-reporting software provider.

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.